Voya Financial Inc (NYSE:VOYA) has earned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $59.00.
A number of research analysts recently weighed in on VOYA shares. Royal Bank of Canada decreased their target price on shares of Voya Financial to $55.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. ValuEngine downgraded shares of Voya Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Morgan Stanley decreased their target price on shares of Voya Financial from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, November 13th. Finally, Credit Suisse Group decreased their target price on shares of Voya Financial from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st.
Several institutional investors and hedge funds have recently made changes to their positions in VOYA. TIAA CREF Investment Management LLC grew its position in shares of Voya Financial by 25.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,715,088 shares of the asset manager’s stock valued at $184,528,000 after acquiring an additional 762,178 shares during the period. Clearbridge Investments LLC grew its position in shares of Voya Financial by 50.3% in the 3rd quarter. Clearbridge Investments LLC now owns 1,862,112 shares of the asset manager’s stock valued at $92,491,000 after acquiring an additional 622,863 shares during the period. Levin Capital Strategies L.P. grew its position in shares of Voya Financial by 40.6% in the 2nd quarter. Levin Capital Strategies L.P. now owns 1,122,751 shares of the asset manager’s stock valued at $52,769,000 after acquiring an additional 324,416 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Voya Financial by 23.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,680,858 shares of the asset manager’s stock valued at $83,485,000 after acquiring an additional 318,661 shares during the period. Finally, Artemis Investment Management LLP grew its position in shares of Voya Financial by 50.6% in the 3rd quarter. Artemis Investment Management LLP now owns 944,419 shares of the asset manager’s stock valued at $46,914,000 after acquiring an additional 317,279 shares during the period.
Shares of VOYA stock traded down $1.70 during trading hours on Monday, hitting $42.20. 89,972 shares of the company were exchanged, compared to its average volume of 1,638,833. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60. Voya Financial has a 52 week low of $40.49 and a 52 week high of $55.27. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.57 and a beta of 1.41.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, October 30th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.15. Voya Financial had a negative net margin of 28.31% and a positive return on equity of 7.01%. The company had revenue of $163.00 million during the quarter, compared to the consensus estimate of $297.80 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts expect that Voya Financial will post 4.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, November 30th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date is Thursday, November 29th. Voya Financial’s dividend payout ratio (DPR) is currently 1.33%.
Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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